Next-Gen

The Great Depression

In Glogpedia

by braydin1
Last updated 1 year ago

Discipline:
Social Studies
Subject:
Economics
Grade:
6,7,8,9,10

Test Glog

The Great Depression

What Was the Great Depression?The Great Depression was the period from 1929 to 1940 in which the economy plummeted and many people became unemployed. Also during this time the stock market crashed which helped cause the Great Depression.

What led to the development of the Great Depression?The stock market crashed which contributed to the Great Depression. Banks and businesses were failing because the government didn't insure bank accounts so savings accounts lost their value. The farming industry was failing because of drought and the Dust Bowl which made many Americans poor and without food. Farmers were getting very little help from the government and 400,000 got their land taken away.

Election of 1928

Black Tuesday

Hawley-Smoot Tariff Act

Herbert Hoover

Farmers

Hoboes

This era has changed our society for the better in my opinion. It has showed Americans what can happen if we don't work together and work hard. This event encourages Americans to work hard to earn their money and to use it wisely because hard times can show up out of nowhere.

Effect on American Society

The Great Depression

3 Events

3 People

The election of 1928 was between Alfred E. Smith and Herbert Hoover. Hoover had the advantage because he was a republican and America was prosperous during earlier republican leadership. Hoover won the election because of this. This election shaped the nation for years to come because of the tough decisions that had to be made during the Great Depression.

On October 29, 1929 the bottom fell out of the stock market and investors began to panic. Shareholders sold their stock before the prices dropped even lower. In total 16.4 million shares were dumped. This led to the collapse of the economy. Many could not get there shares sold and people who bought shares on credit went into debt.

Farmers were effected greatly by the Great Depression and recieved little help by Congress. During the Great Depression the Dust Bowl started and a terrible drought struck the nation. Crops were not growing and people wouldn't buy them because they were poor. The government had very little options for the farmers. Many got there land taken away because they couldn't pay there bills.

Herbert Hoover was elected president in 1928 and was president during the start of the Great Depression. He contributed to the Great Depression in part because he didn't think the U.S economy was in trouble and did little to stop the stock market from crashing.

During the Great Depression hoboes began showing up on the streets. They were the poor who didn't have a home. This was a direct effect of the Great Depression. The high unemployment rate contributed to the amount of hoboes on the streeets. The only way they got food was by standing in bread lines or going into soup kitchens.

This act was passed in 1930 and was made to protect farmers and manufacturers from foreign competetion. This backfired on the U.S and had an opposite effect. The industries could not sell to foreign countries causing farmers and businesses great debt and making unemployment sky rocket. This was another contributor to the Great Depression.

Braydin and Bryce


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